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Biden admin starts student loan forgiveness process: Here's what we know

2 monthes ago   |   By WGN TV

The day has finally come - well, almost.
After weeks of waiting, the White House appears to be gearing up to forgive the federal student loan debt of millions of Americans after alerting borrowers Thursday about what to expect through the process.
First, it's important to know whether or not you qualify for this one-time loan forgiveness. This will depend on the type of loans you have, whether you received a Pell Grant , and your income in 2020 or 2021. If you meet the qualifications, you'll receive up to $10,000 in forgiveness, or $20,000 if you ever received a Pell Grant.
Since President...
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Biden's Education Department may have just dodged the first lawsuit against student loan forgiveness by confirming anyone can opt out of relief

Biden's Education Department may have just dodged the first lawsuit against student loan forgiveness by confirming anyone can opt out of relief

2 monthes ago   |   By Business Insider

President Joe Biden speaks about student loan debt forgiveness at the White House on August 24, 2022. AP Photo/Evan Vucci
A conservative legal organization filed the first major lawsuit against student loan relief this week.
The lawsuit claims that one borrower will be stuck with a burdensome tax bill on automatic relief.
But the Department of Justice reaffirmed that borrowers can opt out of automatic relief.
The first major lawsuit against President Joe Biden's student loan relief is already facing a challenge from the Department of Justice. Pacific Legal Foundation, a conservative legal...
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Borrowers who hate Biden's student loan forgiveness plan can now keep their debt

2 monthes ago   |   By Fortune

Borrowers who don't want to automatically receive Biden's student loan forgiveness will be able to opt out.
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